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What is a lifetime annuity?
Answered By Ammon Yorke, Editor
A lifetime annuity is a type of immediate annuity wherein upon investing you automatically received guaranteed income payments for the rest of your life. The income you will receive from the lifetime annuity plan will depend on the amount of money you will invest and the existing rates at the time you made the investment.
--- permission must be obtained from editor Ammon Yorke to re-publish ---
keywords: Annuities | Annuity | Investing | Income
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